A&G Capital president Hilary Kramer says the Fed's decision to continue its bond-buying program is a 'crutch' and a wise investment play would be to buy big banks. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the ... mall ... Eli wants the gospel ... is the people of the Titans industrial average ... basically that somewhat the way it was when the Fed made its decision now less than ninety points down the tech heavy Nasdaq to assemble a story that of the sat down opposite down the SNP five hundred for two and now buy a GE capital president Hilary ... Kramer fees on loans say it with me thank you Brian much for coming back to an extent ... that you call snow the Fed has intense interest writes that they ... said ... aam they can continue with that bond buying program eighty five billion in securities a month ... I mean maybe even go off in the future ... what did you take away from all that ... on Betfair ... has a lot of ... other influences that are going on in today's decision namely the house to be a financing of the dead of the U S spending that's part of the problem here ... too with the Fed is taking on irresponsibility and seeing them we have this weak economy and yes we have an unemployment problem and we have a jobless recovery ... but we know from earnings we actually had first-quarter record earnings ... beat the market in terms of ... companies corporations structure is getting stronger ... soup to me what the Fed is doing is this when the market is reacting as he is ... he's using his eighty five billion dollar buying program as a crutch and not really calling it like it it's it's it's a crutch for ... the federal government and they're going to ... the SEC against the falling insult the spiraling now here's the good news in all it's ... the locally because we have this same situation taking place ... in ... Europe and as well as in GP and there's a balancing using keeping count process and that's really important in the US has still seen as a flight to safety ... and the U S equity market is seen is the best opportunity to find deals ... and so that's why our equities continue to fry is ... a new received weakness in commodities including to the weakness in point ... so too with the massive decrease in oil when we got him in the trees jumping up about four times the amount of increase of expected it into what ... it was back to three parts ... gold out of the pretty box I mean that these these was a bit weepy could ... lose that ... someone in the information early and news ... that the Fed was going to see the appellant's even ... a minute suites a home guess what the economy is still weak it's so we ... don't really have to continue buying and maybe even upper eighty five billion dollar a month how can ... so that's one we had this reaction ... but the reality is we have seventy eight percent capacity you usage ... of of ... manufacturing in this current in this country which is why it in the present is referred to the state will play out as an increase of about one mile down at the factory then why did it I don't get ... much more above eighty percent without without having ... to profit from let's let's think about it at home with the money and in the bank to descend on the sidelines as so many people have ... wanted to think he might getting in the market is now the time to put some money to work in stocks ... only very selective stocks because we are at a high in its just natural that the stock market needs to have some kind of pullback ... we've really been going strong sense of what the you mean it that the photos you have the time ... you want to find companies ... that are better perhaps the best in breed in terms of what they do and by the ear and areas that are still growing ... so for example there's a company for Exxon PR XL reported earnings less think this is this TRO which means COSCO RL ... company that helps form of our missile compass were for the top twenty per missile companies in the world to form a bearish phase one two three four research as well as their marketing of ... the Andes it is a continuing growing business ... the gray lady lay out your item I own threats on open ended for years we've had in our portfolio companies like ... Sony and we love pretzel PR XL ... you'll also one of my smoothie didn't yielding stocks but be careful because you have over extended companies that are to come down with a correction like McDonald's which ... even the life I feel I called McDonald's on the way of saying I ninety they should be a hundred dollars stock ... but hundred and offer so for extended Coca-Cola deceived general Mills this mill recently you need as an investor to be in those stocks to continue ... when your other companies for example Holly EEM the isthe nose is so incredibly undervalued to quickly before the board before we get to you but settled in here expected long-term interest rates ... to rise and yet they have been coming down aam we see on the ten yen one point six two percent ... so ... if you're on the sign back so that the companies was twenty so ... I'm not I'm not wrong yet he always is when the reasons why I keep building up and crying financials concluding that big banks JPMorgan JPM especially now as a weakness for those concerned about executive management ... departures which APN you can't go wrong because he did things haven't been able to make money ... because their dear Martinez did until now relaxing this doesn't help them to reach earlier member rates came down ... on Washington D C said during that we don't mind prices when help mean Street to read a mean streak is to help the band's better bring rates down ... the irony is that things dont wanna Randy ... Allen presidential effects non it business for them to be in the key and make money until three start to rise and their net margins increase he won on those financials I am not wrong at ... the wrong and when ...